Creating Wealth: How Do You Do It?
If creating wealth as an online entrepreneur is something you have been either thinking about or perhaps struggling with then I am sure this post today about how people spend their money will be something that may be of some interest to you.
Financial Terms For Creating Wealth For Online Entrepreneurs
I just want to go over a few terms that I will be talking about throughout my post today.
• Cash Flow For Creating Wealth: Money you bring in.
• Expenses: Money you spend.
• Assets: Something that’s pays you.
• Liabilities: Something that costs you.
How Broke People Spend Money Creating Wealth
• They live paycheck by paycheck.
• They Buy STUFF, not things they need to creating wealth.
Cash flow comes in and goes right to buying stuff, they really don’t even think about creating wealth. Broke people never get the education on assets and liabilities, they just justify buying all this stuff by saying “this is the cost of living.” Then over the years of just continually buying this stuff they never really own anything. Now over the years all they really have is their stuff, the problem is they never produced or created and more cash flow.
There is a lot of financial difficulty in the world and it really doesn’t have to be this way, creating wealth is not a mystery, it is a formula. The only reason someone reason someone doesn’t create wealth is because either they don’t know the formula or they haven’t applied it.
How The Middle Class Spends Money Creating Wealth
This is the group society thinks is rich, but they are not. Yes they do earn a significant income but what they spend their money on is keeping them prisoners they don’t really think about creating wealth. What they typically spend their money on is liabilities, remember the definition of liabilities, things that cost you!
Liabilities can raise your expense levels to near or above your income levels if you are not thinking about creating wealth. You can spend equal to or more then you make, meaning you have to go to work and earn more money every single month to cover your liabilities.
The common trait between broke people and the middle class is they are dependent on their cash flow from their own efforts. They are exchanging their time for money. They never even consider creating wealth for themselves.
How The Rich Spend Money Creating Wealth?
The rich spend their money to acquiring assets. If you want to start creating wealth you need to buy assets that will earn you more money. The rich spend their money on things that produce more money. Assets are stocks and bonds, real estate and even education.
Here is a great quote “If you think education is expensive you should see how expensive stupid is.” Love This. Sorry I had to share.
If you can learn something that helps you to start creating wealth then by all means do it.
Another asset you should consider is cash generating opportunities. The rich are eager to find those cash generating opportunities because this is a great way to start creating wealth, these opportunities will continue to pay them month after month, year after year most of the times even after they have stopped working them.
Now when they are creating wealth they just take that money and put this into another cash flow opportunity.
Now here is what I have learned over the past few years you can’t find these opportunities unless you are open to hearing about them. Then once you find something you must be willing to see if this is a good fit for you, if so then you need to take action.
These opportunities are out there you just need to find them and then start creating wealth for yourself. Don’t let them slip by though because you can miss out. Here is an asset I purchased, this is my way to creating wealth, feel free to click here now and watch the free presentation.
Remember broke people buy stuff, the middles class buys liabilities and the rich acquire assets. Start Creating Wealth Today By Clicking Here Now.
How are you creating wealth? Go ahead and let me know with a comment below!
As always, thanks for visiting my blog!
I’d love to share my secrets – and tell you how you too can love what you do and do what you love.
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